User Account

All Pages

Discuss what is the contribution margin for the year

Assignment Help Accounting Basics
Reference no: EM131758245

Bernard Corporation gathered the following information for the year just ended:

Fixed costs:  
Manufacturing $120,000
Marketing 42,000
Administrative 22,000
Variable costs:  
Manufacturing $80,000
Marketing 22,000
Administrative 38,000

During the year, Bernard produced and sold 50,000 units of product at a selling price of $9.00 per unit. There was no beginning inventory of product at the start of the year.What is the contribution margin for the year?

A. $266,000

B. $126,000

C. $310,000

D. $450,000

Reference no: EM131758245

Questions Cloud

Create a metaphor or analogy that captures the essence : Create a metaphor or analogy that captures the essence of the major lessons learned in the BBA program (e.g., business administration is like . . .).
Discuss the importance of students as customers : Students as customers A high school's student newspaper plans to survey local businesses about the importance of students as customers.
Coca-cola company international communications : Describe The Coca-Cola company's international communications efforts and how they help the company grow.
Find two works of artin the china collection : Find TWO works of artin the China collection that you like. Describe them briefly and specifically, including both their similarities and their differences.
Discuss what is the contribution margin for the year : There was no beginning inventory of product at the start of the year.What is the contribution margin for the year
Review problem on student archaeologists : Student archaeologists An archaeological dig turns up large numbers of pottery shards, broken stone tools, and other artifacts.
Examine the ethical issues of the merck river blindness case : Examine the ethical issues of the Merck river blindness case. Determine the issues raised in the readings, and in your personal observation and study.
Professional organization may act to influence process : Discuss the roles each branch of government will play in considering the legislation and how you and your professional organization may act to influence.
Calculate the target average inventory at cost : Since the actual turnover rate is less than the published rate, calculate the target average inventory at cost

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd